Uniti Group beats Q1 estimates with strong fiber revenue growth, hyperscaler demand, and record consumer fiber additions.
Stock Earnings Results
May 11, 2026
Table of Contents
May 11, 2026
Uniti Group Inc. (NASDAQ: UNIT) reported first-quarter 2026 revenue above expectations and reaffirmed its full-year outlook, supported by fiber revenue growth, hyperscaler demand, and record consumer fiber additions.
Uniti Group is a fiber infrastructure and communications company providing broadband, fiber-to-the-home, enterprise connectivity, and network infrastructure services.
The company reported a loss of $0.34 per share, narrower than estimates for a loss of $0.42, representing a 19.0% earnings surprise. Revenue came in at $987.50 million, above estimates of $916.33 million, with revenue growth of 236.0%.
Uniti reported consolidated revenue of $987.5 million and adjusted EBITDA of $441.6 million for the first quarter.
On a pro forma basis, consolidated fiber revenue grew 15% year-over-year, while Fiber Infrastructure revenue grew 13%. Kinetic consumer fiber revenue increased 26%, showing strong demand across the company’s fiber platform.
Kinetic reported about 39,000 consumer fiber gross additions, the highest level on record.
The company also said fiber churn was the best quarter on record and that it had the highest number of new consumer fiber premises constructed in nearly four years. Uniti remains on track to pass 3.5 million homes with fiber by the end of 2029.
Management said the quarter was supported by strong demand from hyperscalers.
Fiber Infrastructure posted $1.6 million in new bookings monthly recurring revenue, marking its third-highest quarter on record. That matters because hyperscaler demand can support long-term fiber infrastructure utilization and recurring revenue visibility.
Uniti reported adjusted EBITDA of $441.6 million, representing an adjusted EBITDA margin of about 45%.
By segment, Kinetic generated $548.0 million in revenue and $235.5 million in contribution margin. Fiber Infrastructure generated $294.8 million in revenue and $192.7 million in contribution margin, with margins of about 65%.
Uniti reaffirmed its consolidated 2026 outlook.
The company expects:
The outlook excludes future acquisitions, capital market transactions, and additional transaction-related costs not already included.
Investors are likely to watch whether Uniti can sustain fiber growth while managing losses and integration costs.
The key areas are:
Uniti’s quarter shows why fiber infrastructure remains a key growth theme tied to broadband demand, hyperscaler activity, and network expansion.
The revenue beat and narrower-than-expected loss were positives, but the company still faces a large full-year net loss and heavy capital requirements. The investment case depends on whether Uniti can convert fiber demand into sustained adjusted EBITDA growth while improving its balance sheet over time.
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